Governments all across the world are becoming increasingly desperate as they realize they need more cash to survive. We are seeing debt at an all-time high and nations are becoming fearful. What happens when governments begin to fear their own economic crash? The answer is they do crazy things.
They will print more money, which will result in even greater inflation. They will raise higher taxes or find more ways to tax people. They will institute policies such as price controls, bank holidays, devaluations, wealth confiscations, and so much more. The US is not excluded from these possibilities.
Here, at Explore Financial Freedom we want you to be prepared for anything that might transpire. The risks are real. Your personal financial health and well-being could be at risk. The truth is that governments could easily seize your money. Canada has already proven this by seizing money from people who donated to the Truckers Convoy.
Governments become more predictable but also more dangerous when they are entering economic uncertainty like we are experiencing today. People should be taking steps to protect their money and future. This is what we are doing to protect ourselves as we enter this season of uncertainty.
Gold
We are buying gold. As governments become more in need of cash we are taking our access to cash and acquiring hard assets. We do this not only to protect against inflation, but we are doing this to protect against the government looking for more cash to confiscate. We are actually buying physical gold. We do not give financial advice but we have found that hard assets are valuable in economic downturns.
Silver
We are buying silver. We are buying silver for a lot of the same reasons as we are buying gold. We have come to understand that hard assets are valuable in any economic time period We realize this, especially in times of economic downturns. Silver is also a useful asset. Silver has a use case for electrical components ranging from navigation systems to battery parts. We believe that as Electric Cars become even more popular that the usefulness of silver will be more needed, which in turn will make it more fiscally valuable.
Bitcoin
We are buying Bitcoin. I know a lot of people who are still skeptical of Bitcoin. It is a new emerging asset and one that has a learning curve to it. We believe that Bitcoin has huge potential in an emerging digital market. Bitcoin is resistant to confiscation and censorship. You can take your Bitcoin anywhere and governments are not able to take it from you as long as you keep them off exchanges. Bitcoin is down now, but we still believe Bitcoin will grow.
Final Thoughts
Time is of the essence. We are acting now because we believe the window of opportunity is closing. We are not delaying. Moving our money to alternative assets is a priority for us.
The world is a crossroads. We are in the midst of a chaotic point with potential changes that could be historical in the future. We are in midst of moving our money now. We believe countless people could be wiped out financially by what’s coming. We don’t want to be one of them.